European farm ministers have reached a deal on the CAP health check. The principal points are these:
* Five annual milk quota increases of 1% each with effect from April 2009, prior to total abolition of the quota system as from April 1 2015 (unchanged from Commission proposal). As is now traditional, when it comes to milk quota, Italy will receive a special derogation that allows it to increase its quota by the full 5% in the first year.
* The rate of modulation (shifting funds from direct aids to rural development aids) will be raised from 5% at present to 10% by 2012.… Read the rest